A Quote by David House
People overestimate what they can accomplish in the near term and underestimate what they can accomplish in the long term.
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We usually overestimate what we think we can accomplish in one year-but we grossly underestimate what we can accomplish in a decade.
If we think long term, we can accomplish things that we couldn't otherwise accomplish.
Humans are terrible at predicting the future. We really overestimate what we can do in the short term and underestimate what we can do in the long term... If we can glimpse even a couple of years into the future, even that's difficult to do.
The most common misunderstanding of disruptive innovations is to overestimate their impact in the short term and underestimate it in the long term. Another common misunderstanding is to associate disruptive with good.
Each day, you can awake and focus on small, easy goals you can accomplish in the short term - goals that, over time, will lead you to your long-term goal.
Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year - and underestimate what they can achieve in a decade!
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
More and more people realize the importance of economic growth, near-term and long-term in the U.S., and the competitiveness with other countries around the world.
Too many investors overvalue companies in the near term while undervaluing them in the long term.
People tend to overestimate the short-term impact of technological change. In the short-term, it's not going to make that much of a difference.
Unless you invest in people, you are not going to see growth in the long term, the medium term, and maybe even the short term.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
My suspicion is that we're near a near-term low. The reality is the majority of the selling short-term is over with - the market doesn't want to go down.
Britain can choose, as others are, short term fixes and more stimulus. Or we can lead the world with long-term solutions to long-term problems.
I want to take a long-term view. Being distracted by short term things can be dangerous when you are making cold, calm, long-term decisions.
We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.
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